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# Fixed Asset Bill Credits
When a vendor issues a refund or credit for a previously capitalized asset, such as returned equipment or an invoice correction, you can record a bill credit in Rillet to automatically reduce the asset's value and update the general ledger.
### Record a Bill Credit for a Fixed Asset
Create a bill credit directly from the original asset bill by following these steps:
1. Go to **Accounts Payable > Bills**.
2. Locate the bill tied to the fixed asset you want to credit and click the **three dots (…)** next to the bill.
3. Select **Bill Credit**.
4. Enter the **Credit Amount** and set the **Applicable Date** in the pop-up window.
5. Click **Save**.
The bill credit is saved and linked to the original asset bill.
### Understand the Accounting and Depreciation Impact
After a credit is applied, Rillet automatically adjusts the asset’s book value and future depreciation schedule:
| Effect | Description |
| ------------------- | ----------------------------------------------------------------------------------------------------------------------------- |
| Status Update | The asset shows as **Partially Credited**, and the credit displays automatically in the GL Impact. |
| Future Depreciation | Rillet factors the bill credit into all future depreciation calculations. |
| Asset Value | The remaining asset value is reduced by the credit amount, and depreciation adjusts accordingly from the credit date forward. |
Ensure the credit amount and date are correct before saving, as this will immediately affect depreciation and financial reporting.
### See Also
To learn more about managing fixed assets in **Rillet**, review these articles:
* [**Set Up Fixed Assets in Rillet**](/EjmEP4KZ9BVp9j2ho4Mh/general-accounting/fixed-assets/set-up-fixed-assets-in-rillet.md)
* [**Creating a New Fixed Asset**](/EjmEP4KZ9BVp9j2ho4Mh/general-accounting/fixed-assets/create-a-new-fixed-asset.md)
* [**Fixed Asset Disposals**](/EjmEP4KZ9BVp9j2ho4Mh/general-accounting/fixed-assets/fixed-asset-disposals.md)
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